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Loan No.: 982770 -0 200401072
<br />the real property described being set forth as follows:
<br />SITUATE IN HALL COUNTY, STATE OF NEBRASKA:
<br />THE EASTERLY ONE -HALF (E 1/2) OF LOT SIX (6), IN BLOCK ONE HUNDRED TWENTY NINE (129), IN
<br />UNION PACIFIC RAILWAY COMPANY'S SECOND ADDITION TO THE CITY OF GRAND ISLAND, HALL
<br />COUNTY, NEBRASKA.
<br />TAX ID NO.: 400097133; 4000971333
<br />In consideration of the mutual promises and agreements exchanged, the parties hereto agree as follows
<br />(notwithstanding anything to the contrary contained in the Note or Security Instrument):
<br />1. As of February 1 st, 2004 , the amount payable under the Note and the Security Instrument
<br />(the "Unpaid Principal Balance ") is U.S. $ 39,432.55 consisting of the amount(s) loaned to the Borrower
<br />by the Lender and any interest capitalized to date.
<br />2. The Borrower promises to pay the Unpaid Principal Balance, plus interest, to the order of the
<br />Lender. Interest will be charged on the Unpaid Principal Balance at the yearly rate of 7.000 %, from
<br />February 1st, 2004 . The Borrower promises to make monthly payments of principal and interest of
<br />U.S. $ 305.72 , beginning on the 1 st day of March , 2004 , and continuing thereafter on
<br />the same day of each succeeding month until principal and interest are paid in full. If on February 1 st, 2024
<br />(the "Maturity Date "), the Borrower still owes amounts under the Note and the Security Instrument, as amended by
<br />this Agreement, the Borrower will pay these amounts in full on the Maturity Date.
<br />The Borrower will make such payments at Principal Residential Mortgage, Inc., 711 High Street, Des
<br />Moines, Iowa 50392 -0780
<br />or at such other place as the Lender may require.
<br />3. If all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest
<br />in the Borrower is sold or transferred and the Borrower is not a natural person) without the Lender's prior written
<br />consent, the Lender may, at its option, require immediate payment in full of all sums secured by this Security
<br />Instrument.
<br />If the Lender exercises this option, the Lender shall give the Borrower notice of acceleration. The notice
<br />shall provide a period of not less than 30 days from the date the notice is delivered or mailed within which the
<br />Borrower must pay all sums secured by this Security Instrument. If the Borrower fails to pay these sums prior to the
<br />expiration of this period, the Lender may invoke any remedies permitted by this Security Instrument without further
<br />notice or demand on the Borrower.
<br />4. The Borrower also will comply with all other covenants, agreements, and requirements of the
<br />Security Instrument, including without limitation, the Borrower's covenants and agreements to make all payments of
<br />taxes, insurance premiums, assessments, escrow items, impounds, and all other payments that the Borrower is
<br />obligated to make under the Security Instrument; however, the following terms and provisions are forever canceled,
<br />null and void, as of the specified date in Paragraph No. 1 above.
<br />(a) all terms and provisions of the Note and Security Instrument (if any) providing for, implementing,
<br />or relating to, any change or adjustment in the rate of interest payable under the Note; and
<br />(b) all terms and provisions of any adjustable rate rider or other instrument or document that is affixed
<br />to, wholly or partly incorporated into, or is part of, the Note or Security Instrument and that contains any such terms
<br />and provisions as those referred to in (a) above.
<br />Initials Initial4initials Initials
<br />MULTISTATE LOAN MODIFICATION AGREEMENT Page 2 of 4
<br />(FNMA Modified Form 3179 2/88)
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